Common use of Scope and Intent Clause in Contracts

Scope and Intent. In the event that Mortgagor and Mortgagee shall respectively become the "Debtor" and the "Secured Party" in any one or more Uniform Commercial Code financing statements affecting property either referred to or described herein, or in any way connected with the use and enjoyment of the Premises, Mortgagor warrants, covenants and agrees, and Mortgagee, by acceptance hereof, agrees, as provided in this Article III.